New cars can be a real source of joy and pride, and that new car smell can be irresistable. But is buying a new car the smartest thing you can do with your hard-earned dollars?
Buying a new car comes with many hidden costs. Also, the value of the car depreciates the moment you drive it home, and it gets exponentially worse as time goes on. Believe it or not, there is also an emotional cost attached to all of these large financial decisions.
Research shows that maybe buying the new car isn't exactly as enjoyable as we think. At the end of the day it's your car and your decision but make sure you understand whether this is the right economical move to make.
Read more about buying a new vs. used car here: http://money.usnews.com/money/blogs/my-money/2014/08/01/the-case-for-buying-a-used-car
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